For Latin American companies, compliance with the U.S. Sarbanes-Oxley Law makes good business sense. By implementing new technologies and adopting best practices in corporate governance, senior managers can earn the trust of their shareholders and make better strategic decisions through better access to vital information.
"There is increased awareness among multinational companies that investors are expecting increased transparency and visibility," says Jim Gunn, chief financial officer for SAP Latin America. "Even if your company is not legally required to comply with Sarbanes-Oxley, your customers, shareholders and communities are looking for compliance to elevate their transparency and visibility."
Compliance can also provide Latin American companies with competitive advantages, such as making their shares more attractive to U.S. investors, or enhancing their bids for contracts with U.S. companies. Better record keeping is another plus.
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